Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) is expected to release its results after the market closes on Tuesday, November 3rd. Analysts expect Ivanhoe Mines to announce earnings of $0.09 per share and revenue of $283.50 million for the quarter.
Ivanhoe Mines (OTCMKTS:IVPAF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Ivanhoe Mines had a net margin of 23.47% and a return on equity of 5.07%. The company had revenue of $152.61 million during the quarter, compared to the consensus estimate of $202.11 million. On average, analysts expect Ivanhoe Mines to post $0.30 EPS for the current fiscal year and $0.43 EPS for the next fiscal year.
Ivanhoe Mines Stock Performance
Ivanhoe Mines stock opened at $6.55 on Tuesday. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 72.74 and a beta of 1.08. Ivanhoe Mines has a one year low of $6.30 and a one year high of $15.00. The firm has a 50-day moving average of $8.31 and a 200-day moving average of $9.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.16 and a quick ratio of 1.89.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Scotiabank reissued a “sector perform” rating on shares of Ivanhoe Mines in a report on Wednesday, September 9th. Citigroup reiterated a “buy” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 14th. Jefferies Financial Group reiterated a “hold” rating on shares of Ivanhoe Mines in a research report on Monday, July 6th. Morgan Stanley reissued an “overweight” rating on shares of Ivanhoe Mines in a research report on Wednesday, October 7th. Finally, Canaccord Genuity Group upgraded Ivanhoe Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.20.
Read Our Latest Analysis on Ivanhoe Mines
About Ivanhoe Mines
Ivanhoe Mines Ltd. is a Canadian mining and mineral exploration company focused on developing and operating large-scale projects in Africa. Its principal commodities include copper, zinc, platinum-group metals, nickel, copper and gold.
The company’s flagship Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo is being developed as a major copper mining and processing operation. Ivanhoe also holds the Kipushi zinc-copper-silver-germanium mine in the Democratic Republic of the Congo, as well as the Platreef platinum-group metals, nickel, copper and gold project in South Africa.
Ivanhoe’s exploration portfolio includes the Western Foreland project in the Democratic Republic of the Congo, an extensive exploration area near Kamoa-Kakula.
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